Renault-Nissan boost alliance savings by 7%
PARIS (Reuters) -- Renault and Nissan increased savings from their alliance by 7 percent last year, as the first cars built on the jointly developed common module family (CMF) platform rolled off production lines.
Alliance savings rose to 2.87 billion euros ($3.91 billion) in 2013 from 2.69 billion a year earlier, the alliance said in a statement.
Savings from their 15-year-old partnership are "expected to accelerate," the companies said, as CEO Carlos Ghosn combines more operations in areas such as manufacturing, development, purchasing and human resources.
Alliance Executive Vice President Christian Mardrus said the automakers targets 3.5 billion of savings this year.
The CMF platform underpins the new Nissan Qashqai, X-Trail and Rogue SUVs. Renault is due to launch its first CMF-based vehicle next year, a replacement for the aging Espace minivan.
Renault-Nissan trails behind rivals such as Volkswagen Group and Toyota Motor Corp. on platform scale - the number of vehicles assembled from a common architecture.
In January, Renault and its 43.4 percent-owned Japanese affiliate lifted their medium-term savings goal to 4.3 billion euros in 2016.Contact Automotive News